Trustees Report 2025
During 2025 the museum was able to deliver 20 railway operating days within its visitor open season of Easter through to mid-October. In addition a special poignant conflict remembrance event was held with invited guests, including the Lord Lieutenant of Rutland and civic dignitaries, which encompassed the 80[th] anniversary of VJ day and the end of World War Two.
As the Museum was working on the dismantling of a steam locomotive for overhaul we had to rely on the availability of the museum’s fleet of operational diesel locomotives. Prior to Easter there was some trepidation that the nonavailability of steam traction on Open Days could adversely affect visitor visits during 2025.
The start of the season was also adversely affected by over running major engineering which resulted in the Museum not operating the railway at Easter.
Overall and looking at the admissions figures and allowing for the lack of any income in April 2025 our footfall was approximately 5% down in 2025 relative to 2024. This result was better than expected and in line with visitor reductions experienced at other heritage railways in the UK. The lack of steam traction did not have the impact originally expected as with a long dry summer other heritage railways switched to diesel haulage for long periods to minimise fire risk.
It was pleasing to note that the café income for 2025 was 4% up on 2024 and represents an excellent result from our volunteer café staff.
On a couple of occasions during 2025 the Driver for a Fiver events showed the best results of that event so far.
In June 2025 the museum hosted a visit from a television film crew engaged on making a further series of Great British Railway Journeys for BBC TV. Our curator was interviewed by the presenter who was then allowed to drive a quarry train under supervision. The weather was good and the filming went well and we look forward to seeing the museum on the programme which should markedly improve our future visibility to visitor audiences. Shortly after the museum hosted a small film crew who took film of the quarry train for a forthcoming promotional video of Rutland . Again such an initiative will also help put the museum on the map for potential visitors.
In general our new display on the heritage of the Barrington Cement Works quarry railway was well received being usefully augmented by the presence of the steam locomotive that used to operate at the site. We were pleased to welcome the former quarry manager and his family to an Open Day.
Steady progress continued with the conservation of three railway loco exhibits whist restoration work progressed on one steam locomotive with the objective of returning it to use in 2026. Restoration work on a quarry diesel loco was completed during 2025 and now sees regular use on Open Days.
2025 also saw some new volunteers arrive at the museum and we received a kind offer of the donation of quarry fossils from Barrington Quarry. This offer was very helpfully augmented by the donation of funding from the Rugby cement Benevolent Fund to purchase a new display case for the fossils on display. The display should be completed and commissioned ready for visitor viewing at Easter 2026.
Visitor viewing facilities at the museum were also augmented during 2025 by the completion of construction of a new viewing platform on the quarry trail. This new facility has been well received by visitors as it provides a new vantage point from which to watch the quarry trains.
Work is ongoing with refurbishment of a small wooden building to be used as a display location for equipment and artefacts associated with the operation of a wagon weighbridge on a quarry railway. It is hoped to complete this new project in time for Easter 2026 when it will be opened to museum visitors.
The museum continues its regular and essential work on grounds maintenance for the benefit of museum members and museum visitors.
In summary 2025 was a good year despite our earlier misgivings and we look forward to a more positive 2026 with the return of steam traction and enhanced awareness of the visiting public to the presence of the museum and what we can offer both visitors and new volunteers.
RbR 2025
Registered Number: 05409096 England and Wales RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 01 April 2024 End date: 31 March 2025
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Contents Page For the year ended 31 March 2025 Company information Directors, report Accountants, report Income statement Statement of financial position Notes to the financial statements Detailed Income Statement 12 2of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Company Information For the year ended 31 March 2025 Directors Mr David Mewn Atkinson Mrs Anne Bickers Mr Thomas Selby Ms Clova Townhill Mr Clive Wood Registered Number 05409096 Registered Office 4 MAIN STREET STANFORD ON SOAR Loughborough LeiSterShire LE12 SPY Trading Address Cottesmore Iron Ore Mines Sidings Ashwell Road Cottesmore, Oakham Rutland LE15 7BX Accountants White Knight Accountancy Limited 6, Crown Passage Uppingham Rutland LE15 9NB Secretsry Ms Sophie Ann Bruton 3of13
RUTLAND RAILWAY MUSEUM - REGISTERED CHARif< NO: 1115462 Directors, Report For the year ended 31 March 2025 Directorfs report and financlal statements The directors.present their annual report and the financial statements for the year ended 31 March 2025. Director3 The directors.who served the company throughout the year were as follows: Mr David Mervyn Atkinson Mrs Anne Bickers (from 1610312024) Mr Thomas Selby (from 1610312024) Ms Clova Townhill Mr Clive Wood Mr Bryan Francis Dodd This report was approved by the board and signed on its behalf by: Mr David Mefvyn Athinson Director Date approved: 12 August 2025 4of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Accountants, Report For the year ended 31 March 2025 Accountant's report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review. and consequentty we do not express any opinion on these accounts. Vvhite Knight Accountancy Limited 31 March 2025 Jl,-M V¥lhite Knight Accountancy Limited 6, Crown Passage Uppingham Rutland LE15 9NB 12 August 2025 5of13
RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462 Income Statement For the year ended 31 March 2025 Notes 2025 2024 Turnover 47,067 (10,752) 45,758 (26,234) 19,524 Cost of sales Gross profit Administrative expenses Other operating income Operating profiU(loss) Other interest re1vable and similar income 36,31 S (27,153) 1,000 (22,961) 10,162 11 (3,437) 17 ProfiU(Loss) on ordinary activities before taxatlon Tax on profit on ordinary activities Profitl{Loss) for the financial year 10,173 (3,420) 10,173 (3,420) 6of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Statement of Financial Position As at 31 March 2025 Notes 2025 2024 Fixed assets Tangible fixed assets 191,977 192,602 191.977 192,602 Current assets Debtors 1,395 1,605 Cash at bank and in hand 9,183 2,837 10,678 4,442 (12,218) (7,776) Creditors: amount falling due within one year Net current assets (7,556) 3,022 Total assets less current liabilities 194,999 194.999 184,826 184,826 Net assets Capital and reserves Profit and loss account 194,999 194,999 184,826 184,826 Members. funds For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: 1. The members have not required the company to obtain an audit of its accounts for the year in question in accordan with section 476. 2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These financial ststements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. 7of13
RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462 Statement of Financial Position As at 31 March 2025 The financial statements were approved by the board of directors on 12 August 2025 and were signed on its behalf by: Mr David Mepryn Atkinson Director 8of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Notes to the Financial Statements For the year ended 31 March 2025 General Inforniation RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY No: 1115462 is a private company, limited by guarantee, registered in England and Wales, registration number 05409096, registration address 4 MAIN STREET, STANFORD ON SOAR , Loughborough, Leicestershire, LE12 SPY. The trading address of the company is Cottesmore Iron Ore Mines Sidings, Ashwell Road, Cottesmore, Oakham, Rutland, LE15 7BX. The presentstion currency is £ sterling. 1. Accounting policles Significant accounting policies statement of compliance These financial statements have been prepared in compliance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordan with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Tangibl• fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impainnent. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 250/0 Straight Line 2. Other operating income 2025 2024 Arts Council & other grant funding 1,000 1,000 9of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Notes to the Financial Statements For the year ended 31 March 2025 3. Operatlng profiU(loss) 2025 2024 The operating profiV(loss) is stated after charging: Depreciation of tangible fixed assets 624 3,087 4. Average number of employees Average number of employees during the year was 8 (2024 . 8). 5. Other interest receivable and similar income 2025 2024 Bank inlerest received 11 11 17 17 6. Tangible flxed assets Cost or valuation Land and Buildings Plant and Computer Machinery Equipment Total At 01 April 2024 Additions 186,454 14,128 5,000 205,582 Disposals At 31 March 2025 Depreclation At 01 April 2024 Charge for year On disposals At 31 March 2025 Net book values Closing balance as at 31 March 2025 Opening balance as at 01 April 2024 186,454 14,128 5,000 205,582 12,980 625 12,980 625 13,605 13,605 186,454 186,454 523 1.148 5.000 5.000 191,977 192,602 10of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Notes to the Financial Statements For the year ended 31 March 2025 7. Debtors: amounts falling due within one year 2025 2024 Trade Debtors Other Debtors 1,395 1,605 1,395 1,605 8. Creditors: amount falllng due within one year 2025 2024 Trade Creditors Accruals Other Creditors 1,653 1,373 4,530 7,556 6,372 1,316 4,530 12,218 9. Profit and loss account 2026 Balance at 01 April 2024 Profit for the year Balance at 31 March 2025 184,826 10,173 194,999 10. Company Limited by Guarantee The company is limited by guarantee and therefore has no shares. 11of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Detailed Income Statement For the year ended 31 March 2025 2025 2024 Turnover Donations, Gift Aid & memberships Private owner agreementslspecial events Entrance fees, shop & café receipts 24,069 1,960 21,038 47,067 21,554 1,570 22,634 45,758 Cost of sales Spares, seNicing & engineering costs Coal, oil & diesel Café purchases 7,243 2,056 1,453 16,296 7,306 2,632 (10,752) 36.315 (26,234) 19,524 Gross profit Administrative expenses Accountancy Fees Legal and Professional Fees (Allowable) Light, Heat & Power Grounds & premises repairs & maintenance Bank Charges Merchant bank Charges Depreciation Charge: Plant & Machinery Advertising General Insurance Printing, postage & stationery Telephone Health & safety training Sundew Project expenses 1,373 1,302 13 4,361 5,616 58 3,243 1,356 112 548 560 624 3,087 4,496 8,046 142 3,536 9,245 89 746 537 923 67 (27,153) (22,961) Other operating income Arts Council & other grant funding 1,000 1,000 10.162 Operating profiV(loss) Other interest receivable and similar income (3.437) Bank interest received 17 11 17 12of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Detailed Income Statement For the year ended 31 March 2025 ProfiU(Loss) on ordinary activities before taxation Profltl(Loss) for the financial year 10,173 (3,420) 10,173 (3,420) 13of13
Registered Number: 05409096 England and Wales RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 01 April 2024 End date: 31 March 2025
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Contents Page For the year ended 31 March 2025 Company information Directors, report Accountants, report Income statement Statement of financial position Notes to the financial statements Detailed Income Statement 12 2of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Company Information For the year ended 31 March 2025 Directors Mr David Mewn Atkinson Mrs Anne Bickers Mr Thomas Selby Ms Clova Townhill Mr Clive Wood Registered Number 05409096 Registered Office 4 MAIN STREET STANFORD ON SOAR Loughborough LeiSterShire LE12 SPY Trading Address Cottesmore Iron Ore Mines Sidings Ashwell Road Cottesmore, Oakham Rutland LE15 7BX Accountants White Knight Accountancy Limited 6, Crown Passage Uppingham Rutland LE15 9NB Secretsry Ms Sophie Ann Bruton 3of13
RUTLAND RAILWAY MUSEUM - REGISTERED CHARif< NO: 1115462 Directors, Report For the year ended 31 March 2025 Directorfs report and financlal statements The directors.present their annual report and the financial statements for the year ended 31 March 2025. Director3 The directors.who served the company throughout the year were as follows: Mr David Mervyn Atkinson Mrs Anne Bickers (from 1610312024) Mr Thomas Selby (from 1610312024) Ms Clova Townhill Mr Clive Wood Mr Bryan Francis Dodd This report was approved by the board and signed on its behalf by: Mr David Mefvyn Athinson Director Date approved: 12 August 2025 4of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Accountants, Report For the year ended 31 March 2025 Accountant's report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review. and consequentty we do not express any opinion on these accounts. Vvhite Knight Accountancy Limited 31 March 2025 Jl,-M V¥lhite Knight Accountancy Limited 6, Crown Passage Uppingham Rutland LE15 9NB 12 August 2025 5of13
RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462 Income Statement For the year ended 31 March 2025 Notes 2025 2024 Turnover 47,067 (10,752) 45,758 (26,234) 19,524 Cost of sales Gross profit Administrative expenses Other operating income Operating profiU(loss) Other interest re1vable and similar income 36,31 S (27,153) 1,000 (22,961) 10,162 11 (3,437) 17 ProfiU(Loss) on ordinary activities before taxatlon Tax on profit on ordinary activities Profitl{Loss) for the financial year 10,173 (3,420) 10,173 (3,420) 6of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Statement of Financial Position As at 31 March 2025 Notes 2025 2024 Fixed assets Tangible fixed assets 191,977 192,602 191.977 192,602 Current assets Debtors 1,395 1,605 Cash at bank and in hand 9,183 2,837 10,678 4,442 (12,218) (7,776) Creditors: amount falling due within one year Net current assets (7,556) 3,022 Total assets less current liabilities 194,999 194.999 184,826 184,826 Net assets Capital and reserves Profit and loss account 194,999 194,999 184,826 184,826 Members. funds For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: 1. The members have not required the company to obtain an audit of its accounts for the year in question in accordan with section 476. 2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These financial ststements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. 7of13
RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462 Statement of Financial Position As at 31 March 2025 The financial statements were approved by the board of directors on 12 August 2025 and were signed on its behalf by: Mr David Mepryn Atkinson Director 8of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Notes to the Financial Statements For the year ended 31 March 2025 General Inforniation RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY No: 1115462 is a private company, limited by guarantee, registered in England and Wales, registration number 05409096, registration address 4 MAIN STREET, STANFORD ON SOAR , Loughborough, Leicestershire, LE12 SPY. The trading address of the company is Cottesmore Iron Ore Mines Sidings, Ashwell Road, Cottesmore, Oakham, Rutland, LE15 7BX. The presentstion currency is £ sterling. 1. Accounting policles Significant accounting policies statement of compliance These financial statements have been prepared in compliance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordan with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Tangibl• fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impainnent. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 250/0 Straight Line 2. Other operating income 2025 2024 Arts Council & other grant funding 1,000 1,000 9of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Notes to the Financial Statements For the year ended 31 March 2025 3. Operatlng profiU(loss) 2025 2024 The operating profiV(loss) is stated after charging: Depreciation of tangible fixed assets 624 3,087 4. Average number of employees Average number of employees during the year was 8 (2024 . 8). 5. Other interest receivable and similar income 2025 2024 Bank inlerest received 11 11 17 17 6. Tangible flxed assets Cost or valuation Land and Buildings Plant and Computer Machinery Equipment Total At 01 April 2024 Additions 186,454 14,128 5,000 205,582 Disposals At 31 March 2025 Depreclation At 01 April 2024 Charge for year On disposals At 31 March 2025 Net book values Closing balance as at 31 March 2025 Opening balance as at 01 April 2024 186,454 14,128 5,000 205,582 12,980 625 12,980 625 13,605 13,605 186,454 186,454 523 1.148 5.000 5.000 191,977 192,602 10of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Notes to the Financial Statements For the year ended 31 March 2025 7. Debtors: amounts falling due within one year 2025 2024 Trade Debtors Other Debtors 1,395 1,605 1,395 1,605 8. Creditors: amount falllng due within one year 2025 2024 Trade Creditors Accruals Other Creditors 1,653 1,373 4,530 7,556 6,372 1,316 4,530 12,218 9. Profit and loss account 2026 Balance at 01 April 2024 Profit for the year Balance at 31 March 2025 184,826 10,173 194,999 10. Company Limited by Guarantee The company is limited by guarantee and therefore has no shares. 11of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Detailed Income Statement For the year ended 31 March 2025 2025 2024 Turnover Donations, Gift Aid & memberships Private owner agreementslspecial events Entrance fees, shop & café receipts 24,069 1,960 21,038 47,067 21,554 1,570 22,634 45,758 Cost of sales Spares, seNicing & engineering costs Coal, oil & diesel Café purchases 7,243 2,056 1,453 16,296 7,306 2,632 (10,752) 36.315 (26,234) 19,524 Gross profit Administrative expenses Accountancy Fees Legal and Professional Fees (Allowable) Light, Heat & Power Grounds & premises repairs & maintenance Bank Charges Merchant bank Charges Depreciation Charge: Plant & Machinery Advertising General Insurance Printing, postage & stationery Telephone Health & safety training Sundew Project expenses 1,373 1,302 13 4,361 5,616 58 3,243 1,356 112 548 560 624 3,087 4,496 8,046 142 3,536 9,245 89 746 537 923 67 (27,153) (22,961) Other operating income Arts Council & other grant funding 1,000 1,000 10.162 Operating profiV(loss) Other interest receivable and similar income (3.437) Bank interest received 17 11 17 12of13
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462 Detailed Income Statement For the year ended 31 March 2025 ProfiU(Loss) on ordinary activities before taxation Profltl(Loss) for the financial year 10,173 (3,420) 10,173 (3,420) 13of13